economy
Venezuela Faces World’s Largest Debt Restructuring
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
TL;DR
- Venezuela is set to initiate the world's largest sovereign debt restructuring.
- The country plans to reveal a debt pile totaling $240 billion.
- Chip stocks experienced a sell-off on Wall Street due to rising interest rate worries.
- Nvidia's AI chips, banned for export to China, have doubled in price on the black market there.